Governor Considers Millionaire's Tax

Gov. Pat Quinn isn’t outright supporting the proposed tax on millionaires, but hopes it gets a closer look from lawmakers. The constitutional amendment proposed by House Speaker Michael Madigan (D-Chicago) would add a 3 percent surcharge on all incomes over $1 million. It’s now headed to House floor after passing through a committee on Thursday. Quinn says it’s an idea worth considering.

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“Well, I have looked at that,” Quinn said. “I’m happy to hear that it passed committee because it’s a good opportunity for the legislature to examine that issue.” Quinn pointed out that the governor doesn’t have much of a role when it comes to constitutional amendments. “The legislature by three-fifths vote, in the House and then into Senate, has to put it on the ballot for the people of Illinois to decide,” Quinn said. The revenue would go to secondary and elementary education. Republicans oppose the plan, claiming it may drive away successful businesspeople from the state.